The European Commission has published an updated list of high-risk third-country jurisdictions with strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. EU entities covered by the EU AML framework must apply enhanced vigilance to transactions involving listed jurisdictions. The update adds Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal and Venezuela, and delists Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda and the United Arab Emirates. The Commission aligned the update with the Financial Action Task Force (FATF) process, notably FATF’s “Jurisdictions under Increased Monitoring”, and said it conducted a technical assessment using defined criteria and methodology drawing on FATF information, bilateral dialogues and on-site visits. The changes are set out in a delegated regulation under Article 9 of the Fourth Anti-money Laundering Directive and will enter into force following scrutiny by the European Parliament and the Council, provided there is no objection within one month, extendable by a further month.
European Commission 2025-06-10
European Commission updates EU high-risk AML/CFT third-country list adding 10 jurisdictions and removing 8 including the United Arab Emirates
The European Commission updated its list of high-risk third-country jurisdictions with AML/CFT deficiencies, adding Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela, while removing Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, Uganda, and the UAE. This aligns with the Financial Action Task Force's process and involves a technical assessment based on FATF information and bilateral dialogues. Changes take effect after scrutiny by the European Parliament and the Council.